And the Plot Thickens........Yellow

Hmmm Wow with all that cash being offered I'm wondering if "Yellow" will eventually change their name to "Green"?

 

Is this a backdoor takeover attempt by Estes?

 

ELI5, please.

 

Yellow Corp. faces full liquidation sale; bidders emerge: Report

 

And the vultures start to swoop in!!LMAO

 

Estes is a financial viable carrier that is always looking to expand.

With this timing they can absorb the equipment and properties formerly administrated by yellow.

They can expand the current operations and use the yellow properties and equipment to rapidly make more territory viable to thir business model.

They can then sell off equipment and locations that do not fit their adjusted business plan. That could include moving a couple of terminals into former yellow terminals. Then sell off the old Estes location.

Main thing is they do this without taking over the union employees. Also can lay-off, package out, or fire existing management with minimal fuss and expense.